Canon rumors: US price increase plus new compact cameras for CES 2011

The rumor is that Canon will have a price increase in the US on February 1st, 2011 due to the weak US dollar. Canon will also be discontinuing all current A series point and shoot cameras on January 5th, 2011 (expect new p&s camera announcements during CES 2011). The SD1300, SD1400, SD3500, sd4000 models will be discontinued on February 7th, 2011 and will also be replaced.

We had the same problem here in Australia when our currency hit a low of ~.60 USD during the world recession.

Now that our Australian dollar has bounced back and 1 Australia dollar is buying an all time high of 1.02 USD all we’ve seen in the past year has been good prices and price cuts so I do feel for you guys over in the US.

Looking forward to seeing some new compacts for 2011! The megapixel count will no doubt increase once again which is a little worrying.

Canon has to do what it has to do in order to protect its business, but with every new lens that is coming out anyway there is a price increase. 🙁 Sadly this means that it is going to be harder for people like me to afford Canon products.